The Brief
- Chicago’s parking meter system is set to be sold to a New York-based investment firm.
- The City Council is set to review the deal and potentially vote on whether to approve it.
- The city sold its parking meter system back in 2008, which many have said was a disastrous move.
CHICAGO – Chicago’s parking meter system is set to be sold to a New York-based investment firm, pending approval from the City Council.
What we know:
Stonepeak Partners has been in talks with the Chicago Parking Meters, LLC, to acquire the system and has advanced to signing a sale agreement, according to Mayor Brandon Johnson’s office.…